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Honeywell (HON) will pay $130M to buy Saia Burgess Control from Hong Kong-based Johnson...

Honeywell (HON) will pay $130M to buy Saia Burgess Control from Hong Kong-based Johnson Electric. Saia makes programmable controllers, touch-screen panels and other equipment for heating and air conditioning systems. The deal is expected to close by the end of January. (Q3 earnings)
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